Shanghai luxury apartment of rental on the rise

Shanghai rentals index was 1336 points in April, rose 4 compared to last month, annulus comparing rose 0.29%, up 0.05 percentage points over the expansion. In the sale of cold market in high-end housing, the rental market was active, the vacancy rate has dropped.April is always the season that the rental market is off, but the market in Shanghai rental began to heat up after the Lunar New Year and continued "warm spring", the performance of the tenant does not “finish”.The prospective buyers of Shanghai luxury apartments market is still a lack of confidence to continue renting the sidelines.Trading markets are sluggish, leading some owners to resell for rent when the landlord, but to raise the rent to ensure that short-term gains and pushing up the  rent levels of Shanghai luxury apartment.

Shanghai luxury apartments in the round-of-season rise of outstanding performance, such as Jing'an Temple plate is located in the prime location in the city center, small apartment scarcity of supplying, after the listing of rental housing has always been favored fast, the landlord price increase is expected. As Shanghai luxury apartment hold property with higher cost, to ease repayment pressure, instigation to raise rents in the intermediary is a big thrust. Another Shanghai Grade A office area gathered Shanghai luxury apartments, office rents continue to push in the case of residential building rental prices also followed.

The price of Shanghai middle rental level has risen in 11 areas,is higher than the average, Hongkou rose 0.50 percent, up 0.42 percent in Jing'an, Zhabei rose 0.42 percent, up 0.36 percent in Yangpu. Although some rentals in low level will develop close to the middle level apartment, but there is a more stringent standard for remote location,it promotes some customer base into the middle level apartment.For example,Parkview is located in Yangpu public rental mansion still gathering new Bay City, at the junction of the two districts with three bedroom 80 m2 rent of 3,000 yuan, while the adjacent Baoshan Songnan plate sale 90 m2 with two bedroom rents but in 2500-3000 yuan, April Baoshan Songnan sector rents rose 0.42 percent. With the influx of a large number of requirements,middle level apartment there is a general rise.In addition,some areas of low-level and mid-level housing renting gap gradually narrowed,making some low-rent opting for rail passenger convenience, more comfortable living environment, such as Baoshan and Minhang were up 0.35%.

Recruits undergo a quarter after the peak, foreign workers and young recruits and other customer groups gradually stabilized, especially this group of tourists prefer the low end homes, rental momentum began to subside. In addition, the listing of public rental housing for low-level price of the landlord is also vane up on pricing no longer easy to rent. April low-level market in a consolidation stage, some landlords wait for further public rental nearby rental information in order to implement the next action. Shanghai luxury apartments market is off-season, indicating that regulatory context rental ratio imbalance is still outstanding. Landlord's return on investment can not be met in the case of only raise rents to make up for the expected return. Shanghai rentals market is expected to remain stable transition can affect them or be listed as well as public rental reaction to the rental housing rent policy.